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Please be aware of a right offering that took place on $PFC.L (Petrofac)
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A rights offering is where existing shareholders are given the option to buy further shares, in proportion to their current holdings. These rights may be traded as normal shares up until the date that the new shares can be purchased. Often, a rights offering dilutes a company's net profit across more shares and can (but will not always) bring down share prices.
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eToro reviews the terms of the offering and provides users holding the relevant stock with a cash dividend equal to the value of the offered shares.
Itβs important to note that once the funds are added to your account, they may be seen immediately on the portfolioβs history page, or in the account statement the day after the funds are added.
Thank you.
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please, can you elaborate on this. So if we have open buy positions what will happen next, and when? How this will benefit us, or what do we have to do to benefit shareholders now. Please respond @eToro_Service... Show More Translate
Hello @eToroTeam I hold shares in Petrofac but still heard nothing from Etoro about what to do etc in order to purchase the rights issue shares. Can you please advise.
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Only response I received,
Thank you for contacting eToro customer service.
Please keep in mind that currently there is no specific date or a deadline for this rights offering that we are providing but more details will be given out to the eligible eToro users in the following weeks.
Please be... Show More Translate
This is weird @eToroTeam . There have been no updates whatsoever when all other brokers have already completed the transfers of the share etc. What is going on?... Show More Translate